Dollar to Naira exchange rate today, June 29, 2026

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The Nigerian naira traded at an official exchange rate of ₦1,379.22 per United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, June 29, 2026, according to the latest available market data.

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The official rate indicates that $100 would exchange for about ₦137,922 at the NFEM window, while $1,000 would be worth approximately ₦1.379 million at the prevailing rate.

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In the parallel market, commonly referred to as the black market, the dollar traded around ₦1,390 for buying and between ₦1,400 and ₦1,405 for selling, depending on location, transaction volume and dealer quotations across major cities, including Lagos and Abuja.

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At the average parallel market selling rate of ₦1,400 per dollar, $100 would fetch about ₦140,000, while $1,000 would exchange for roughly ₦1.4 million.

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The spread between the official and parallel market rates remained relatively narrow at around ₦21 per dollar, reflecting the naira’s continued stability in recent months amid improved foreign exchange liquidity and policy reforms aimed at supporting the local currency.

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The Central Bank of Nigeria derives the NFEM rate using a volume-weighted average of transactions conducted in the official foreign exchange market, making it the country’s benchmark exchange rate.

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Exchange rates may vary slightly across banks, bureaux de change and different parallel market locations due to fluctuations in demand and supply conditions.

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